Taiwan Lawmaker Advocates for Including Bitcoin in National Reserves

Highlights:

• A Taiwanese lawmaker has called for Bitcoin to be included in national reserves to reduce economic risks.
• Ko highlights Bitcoin’s limited supply as a key reason for reserve diversification in Taiwan.
• He had earlier proposed that Taiwan allocate 5% of its $50B reserve to BTC.

Ko Ju-Chun, a member of Taiwan’s Legislative Yuan, has recommended that Bitcoin (BTC) be included in the country’s national reserves, alongside foreign currencies and gold. He believes this move could help hedge against growing global economic uncertainty and increasing regional geopolitical risks. He presented this proposal during the National Conference held today. 

Ju-Chun also shared his stance on X, encouraging crypto supporters to take note of his push for federal-level Bitcoin adoption. He believes such a move could enhance the resilience and flexibility of Taiwan’s financial system.

Taiwan Legislator KO, JU-CHUN advocates for Bitcoin as part of a diversified reserve strategy at the National Conference on May 9th. Citing global risks & Bitcoin’s hedge potential, he urges Taiwan to consider it alongside gold & forex reserves to bolster financial resilience.… pic.twitter.com/KHKcHLQ2uB

— 科技立委葛如鈞 Ko Ju-Chun (@dAAAb) May 9, 2025

Ju-Chun emphasized Bitcoin’s limited supply and decentralized structure as key reasons it could serve as a reliable hedge for Taiwan’s national reserves. He also noted the country’s export-heavy economy and fluctuations in the New Taiwan dollar as strong arguments for diversifying reserve assets.

He said:

“Bitcoin has been operating for over 15 years. It has a fixed total supply, is decentralized, and is resistant to censorship. Many countries are focusing on its hedging attributes. At the same time, in intense situations, it may not face the risk of embargo.”

Ju-Chun noted that Taiwan holds 423 metric tons of gold and maintains $577 billion in foreign reserves, which include U.S. Treasury bond investments. He warned that in times of heightened currency swings or regional tensions, safeguarding these assets might become difficult. In such a case, he believes Bitcoin could serve as a valuable reserve option due to its unique strengths.

Taiwan Lawmaker Suggests Allocating $2.5 Billion to Bitcoin Reserve

The lawmaker emphasized that although Bitcoin may not fully address rising economic issues, Taiwan should still keep a small portion in reserves. Earlier in the month, he suggested that up to 5% of Taiwan’s $50 billion reserve—about $2.5 billion—could go into Bitcoin. Ko admitted that Bitcoin alone can’t solve Taiwan’s financial issues but stressed the importance of broadening the country’s economic strategy.

He made this proposal after reports surfaced that New Hampshire had become the first U.S. state to approve setting aside 5% of its treasury in BTC. Following Donald Trump’s directive to establish a national Bitcoin reserve, many countries and states have begun considering similar moves. The U.S. is advancing the idea, while countries like the U.K. and Japan are against using Bitcoin as a reserve asset.

Taiwan 🇹🇼 could follow suit! We could allocate a maximum of 5% of our $USD 50 billion reserve to $BTC. https://t.co/HmOTkf9gqy

— 科技立委葛如鈞 Ko Ju-Chun (@dAAAb) May 7, 2025

Bitcoin Price Hits $104K as Market Interest Grows

Bitcoin saw its strongest rally in months over the past three days, fueled by a surge in new wallet registrations and investor activity. After a slow start to May, the price rebounded on May 6, rising from $94,000 to over $103,890 today. As of now, BTC is trading at $102,809, up 1.90% in the past 24 hours.

On May 8, a record 344,620 new wallets were opened, setting the highest daily total of 2025. This spike in wallet activity started on May 4, after BTC’s price began to rise. Santiment data revealed an 8.13% rise in new addresses, an 8.79% boost in active users, and an 11.35% jump in previously inactive zero-balance wallets. As Bitcoin’s price climbed, the network saw a rise in activity, with many users returning to the market once it surpassed $103,000.

📈 Bitcoin's network saw 344,620 new wallets be created on its network as FOMO poured in. Crypto's top market cap asset has silenced bears, reaching a high of $103.8K for the first time since January. 👀 pic.twitter.com/hai245lQJz

— Santiment (@santimentfeed) May 9, 2025